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25 Oct 2016 | 11:14 AM
Research Report

Equity Research Report: Religare Weekly Equity

After two successive weeks of rise, equity benchmark Nifty index concluded week by a cut of over 2%. Initially markets traded range bound, but as the week progressed pressure from global front and weakening rupee against US Dollar dampened the sentiments and profit booking was witnessed thereafter.
04 Dec 2015 | 05:20 PM

  • From hereon, 7950 will act as an immediate resistance on higher side and on down side 7700 will act as an immediate cushion on any fall.
  • We believe, traders should uphold cautious approach and prefer defensives for fresh long positions. On sell side, stocks from Energy and Infra space can be considered.
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